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Making world heritage truly global: the culture certificate scheme

Bruno Frey and Paolo Pamini

No 419, IEW - Working Papers from Institute for Empirical Research in Economics - University of Zurich

Abstract: Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the issuance of a tradable Certificate. Countries and private firms are induced to seek sites where financial resources can be spent most productively. This leads to an efficient allocation of resources to preserve World Heritage.

Keywords: Global public good; World Heritage; Cultural Certificates; Monuments; UNESCO (search for similar items in EconPapers)
JEL-codes: D6 F5 H87 Z11 (search for similar items in EconPapers)
Date: 2009-06
New Economics Papers: this item is included in nep-cul and nep-tur
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Working Paper: Making World Heritage Truly Global: The Culture Certificate Scheme (2009) Downloads
Working Paper: Making World Heritage Truly Global: The Culture Certificate Scheme (2009) Downloads
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